@techno88 if u want buy today rise tomorrow or next week or next month punya share, don't come anywhere near large caps or blue chips.

Ta Ann pleas be good to me...

You are the 2nd largest holding in my portfolio now XD

@i3lurker HELLO YOU MABUK KA

SINI GENTING BERHAD

Say already Moo Moo won't announce MCO 2.0 wan la

Stringent SOP enforcement is the way to go

Today by closing sure bloodbath

@wallstreetrookie ya see his past comments

All same things, spamming across topics

@euphoboy

Genting Malaysia is only casino at Malaysia and US(?)

Genting Berhad got all the casinos of Genting Group + Genting Plantations Berhad

@Steady Punpipi I can't stop laughing at those who kept saying "I bought at RMX.XX"...

Ppl kindly share finance knowledge about "the past (cost) is totally irrelevant to financial/investing decision-making", dia cakap orang langsi sama dia XD

Let's hope not like yesterday, 4:50PM got sold down purposely lol

The economy cannot take MCO 2.0 la

They will just go TEMCO for red areas

the coldeye Youtube video says it best

@Alfonso u broke your virginity at Genting?

This good counter no one seems to be interested. Combo of timber AND oil palm, with their palm trees relatively young and in maturing stage. See month-by-month increase of production figures...

Kenanga Research has maintained its “Overweight’ rating on the gaming sector and said the worst is over for the sector after the washed-out 2QCY20 due to lockdowns as business operations have already resumed, albeit earnings recovery is likely to remain patchy for casino operators while number forecast operators (NFO) players have seen their ticket sales at 85% pre-movement control order level.

In a sector update today, the research house said Genting Malaysia Bhd is its “Top Pick” for this space as we believe it is the direct beneficiary of earnings recovery on the back of local tourism as overseas travel is not possible at this juncture and the last time we saw its share price this low was in Feb 2009.

“However, albeit attractive valuation, Genting Bhd’s earnings are likely to be affected by lacklustre prospect of Genting Singapore in the near term.

https://www.theedgemarkets.com/article/worst-over-gaming-sector-says-kenanga-research

I don't understand why government don't want allow Toto Magnum and Kuda to do online sales or using app. Transparent, everything can be tracked. And no need people go out queue at the shops.

Just take the dividends now and wait for eventual recovery in late-2021 to 2022. Janji matches or beats FD rate.

"While we like GENM and GENTING as deep value plays, the investment case for them is a normalisation in earnings that will take place more fully in 2022."

Source: https://cdn1.i3investor.com/my/files/dfgs88n/2020/10/02/1534611865--315822137.pdf

AmInvestment initiate coverage terus go up?

U think all like glove companies meh

@Foker in this gloomy times the results reported are considered more than decent already.

@memorylane maybe due to prudence they made high provision for bad debt losses

Then actually the recovery rates not as bad as they thought

Dividend announced. RM0.092. Decent results too

@Stockisnotfun u understood what I said, right?

Past losses are totally irrelevant.

@INVEST_AA dun tell ppl la, let them think it's big discount so that they keep buy buy buy lol

@deathscythe if TNB continually gives at least 50 sen per year, that's 4.67% yield. Good enough as a yield instrument.

E.g. u bought a house a few years ago for RM1.2m

But now its market value has dropped to RM800K (Ouch! Lost RM400K already)

Keep or sell?

The things u need to consider:
A. TO KEEP
1. Do u foresee capital (price) recovery in the future?
2. Can u rent it out for recurring rental income?

B. TO SELL
If u sell it and pocket the RM800K, what are u going to do with the money? Do u have better, more profitable plans than to do A1 and/or A2 above?

In stocks investment, the same principles apply,

Human mentality - they don't like to be reminded of their blunders and mistakes. If u keep your "losing" stock, every day when u log on to your trading account, u see that RED negative % there. And so u keep trying to find reason or excuse to get rid of it, so that when u log on to your account, all you see are your stock holdings in the black, the profitable ones.

When u make investment decisions, u always do it based on value, FUTURE value.

Your past losses are gone, there is nothing u can do about it.

Current value vs Expected future value

That's all you need to know.

@matrix88 I point out my profession just to emphasise that what I said are finance textbook stuff, not stuff that I pluck out from the sky

And it is applicable for all finance and investing decisions, not just to make u guys remain invested in Genting

Cheers

Post removed.Why?

@ATSK why u getting worked out? I'm not even criticizing u

I'm just using your case to build up my argument of making decision based on past entry cost

@ATSK in finance, you always decide on your next course of action based on your assessment of the FUTURE.

U bought at RM6+. It's history, it's past, there's nothing u can do about it. U paid RM250K++ in THE PAST - in accounting we call it SUNK COST.

Now the price is RM3.23. If u sell now u get RM135,660.

Now, ask yourself - if u cash out now and take the RM135K, do u have better plans with that money? Any investment idea that u THINK can earn u higher returns than to remain invested in Genting Bhd?

Let's say u found a counter, ABC Berhad, that u think have upside of 10%.

But, Genting now is at RM3.23, do u think it can go up 10% too (i.e. up to RM3.55)? Let's say u actually think that Genting can go up to RM4.00 (that's 24% upside from current price). Then why the hell u wanna cash out and go to ABC Berhad?

The RM6+ cost is PAST, it is IRRELEVANT to your investment decision-making today.

Oh ya FYI I'm a qualified accountant, so I know what I'm talking.

That is why my no. 1 stock selection criterion is always dividend first. My stock must have dividend yield that at least beats FD rates. I can hold, hold until it go up eventually.

Just went KLCC last Saturday. Too many beruks and sakais that dunno practise physical distancing esp at the escalators.

@BILLC so what if Covid-19 hit Setapak? U think all Setapak ppl go Bukit Lim meh lol

Just as I live nearby MidValley but I only go there once in a blue moon

Hahahaha broke RM11.00 liao

Don't miss the boat!

@Foker dun say RM100K la, even if u want to sell more than RM10K u will have to take the buy orders 2-3 queues down lol

@Sharefisher if u look around your social media esp Facebook u will realise that a lot of total noobs are suddenly into stocks lol

@Foker so we can double our holding value la XD

10.80 now to 20.00 huhuhu

But one thing bad about AEONCR is very low liquidity and order queue. If u hold a lot, when u sell u sure gonna cause price to go tumbling down

Maybe now many GrabFood and FoodPanda and courier bikers, so loads of demand for motorcycle financing. This is one of AEONCR's big business

@supersinginvestor 21-Oct-2019 high RM16.40

@supersinginvestor I'm not chart expert but I think 17.00-18.00 is not attainable. If u say 15.00 maybe still okay la

I'm not gonna consider selling below 13.00

@supersinginvestor you are the one who talked about it lol

Now break 10.10 liao

REAL stock investors always say, invest only using money that u don't need to use in the next 3-5 years at least.

If u buy now and expect to make money in the next few months, you are a trader.

In my experience, most traders lose to the market.

Aiya if u look closely, Genting has been on downtrend since January 2018 la.

If cannot hold just run to buy those red-hot glove stocks la

At current price the dividend yield is better than FD.

Any capital gains is a bonus

https://www.thestar.com.my/business/business-news/2020/09/23/genting-set-for-cyclical-recovery

See the sudden fall during March/April when MCO first started.

@liegelord I think their price correction was overdone

@Juniper depends on how busuk is them then

If u encounter good takeover bid, yes u can sell higher/attractive price

But then again some takeover is so busuk that they offer u puny price and if u dun take up u end up holding delisted shares